Skip to main content

Home/ Spring 21 Capstone 640pm/ Group items tagged Challenges

Rss Feed Group items tagged

Filter: All | Bookmarks | Topics Simple Middle
mohammed_ab

Badly Needed, Hard to Deliver: The Challenges of Selling Drought Insurance to African F... - 0 views

nextbillion.net/ught-insurance-african-farmers

WorldCover Blockchain Africa CropFarmers Challenges

shared by mohammed_ab on 11 Feb 21 - No Cached
  • Despite robust financial subsidies, many programs have found that selling insurance to poor African farmers is extremely challenging. This remains the case even when risk products are bundled with other services, such as community savings programs and training in how to improve crop yields. For instance, a 10-year-old government farm insurance program in Ghana has fallen far short of expectations, according to multiple observers—including the same Christopher Udry who inspired Sheehan to create WorldCover. Udry and colleagues reported in a March 2019 paper that the government insurance program had had little meaningful impact. In Kenya and Ethiopia, risk transfer programs aimed at pastoralists have had disappointing results, according to an extensively researched June 2019 article in Devex, which was underwritten by the Technical Centre for Agricultural and Rural Cooperation. Experts point to two main types of obstacles. First, there are enormous marketing and logistical challenges inherent in trying to sell small insurance policies to very poor farmers who’ve never heard of the concept, live in remote areas and may only speak indigenous languages. Second, it’s difficult to build customer loyalty for an abstract product that often doesn’t provide what farmers expect. The Devex story describes how some pastoralists thought they were putting money into a savings account. When they didn’t get their premiums back, “they start[ed] thinking that this product has failed them,” a coordinator said.
  • mohammed_ab on 11 Feb 21
     
    This articles explains the different challenges and go to market strategy that Worldcover has adopted in order to penetrate the African market. It's interesting to see that the two main challenges faced by the company were marketing & logistical problems, alongside customer loyalty. I would have never guessed that these are the types of challenges that WorldCover has faced. When you think about the service they are offering, you quickly think that their challenge will be technical because of the type of technology they use.
kenza_abdelhaq

AgroCenta CEO on the Challenges of Entrepreneurship in Ghana - 0 views

www.seedstars.com/...llenges-entrepreneurship-ghana

AgroCenta Ghana Specialized market

shared by kenza_abdelhaq on 12 Feb 21 - No Cached
  • Does being an entrepreneur in Ghana – and in a developing economy in Africa – presents any ulterior challenges you had overcome?Being an entrepreneur in Africa and in emerging markets, in general, is quite difficult because of the lack of structure and supports put in place by the government. It requires a lot of courage and persistence to get the simplest things done. Any simple tech solution that you might want to build can end up being a very complex challenge because it relies on services that do not exist or don’t work properly. Access to funding also remains a big problem for many entrepreneurs who will need money to test, pilot and scale a platform or a solution. Many investors are quite held back when it comes to making investments in Africa for an obvious reason: corruption.
    • nouhaila_zaki
      nouhaila_zaki on 12 Feb 21
       
      This excerpt is important because it reflects the challenges faced by AgroCenta in Ghana, i.e. corruption, lack of financing, lack of proper infrastructure, lack of government help, among other things.
  • Our business model is simple, we are a B2B business that generates commission fees on trade volumes from the businesses we work with.
    • nouhaila_zaki
      nouhaila_zaki on 12 Feb 21
       
      This excerpt is extremely important because it clearly states the business model of the company.
  • we are definitely improving the financial livelihood of smallholder farmers through fair trade. Many smallholder farmers are paid less than $1 a day and our objective is to increase it to $4 a day by 2020.
    • kenzabenessalah
      kenzabenessalah on 12 Feb 21
       
      AgroCenta is an extremely important concept because it is helping to increase farmers' salaries. Going from $1 a day to $4 a day is already an improvement.
  • ...8 more annotations...
  • AgroCenta focuses on 3 key impact goals for Ghana:No Poverty: Gender Equality: in Sub-Saharan Africa, traditions and land ownerships do not favor women, which ends up in many women being excluded from the agriculture value chain. By engaging the relevant stakeholders, AgroCenta rents arable agricultural lands to female smallholder farmers for free. Women are also given seeds, fertilizers, mechanized tractor services and extensive advisory information on farming best practices such as what type of seed to plant, when to plant, how to plant, etc.Decent Work & Economic Growth: we empower smallholder farmers to see agriculture as more than just a way to survive and position it as a viable industry that can be sustainable for their family.
    • mehdibella
      mehdibella on 13 Feb 21
       
      as you can see this company cares a lot about the livelyhood of their farmers and is trying to provide them only with the best features that would make life easier which in fact the main things that they tackle in the SDGs.
  • Seedstars Summit has been phenomenal. It has put AgroCenta on a pedestal and in the spotlight of a huge community in Africa. The experience after the Summit has been amazing: we received a lot of proposals from potential investors, partners and other service providers keen on working with us for growth and expansion.
  • Winning the vote of the entire jury, AgroCenta from Ghana was crowned the Seedstars Global Winner of the 5th edition of Seedstars Summit. At Seedstars, we are convinced that AgroCenta will shape the future of AgriTech in Africa. Indeed, the start-up’s mission is to improve the financial livelihood of smallholder farmers through fair trade.
    • aminej
      aminej on 12 Feb 21
       
      Agrocenta will have a great impact on farmers in Africa since it will enable them to protect their production and have an insurace in case of any risks. It will also help them regulate the market of agricultural products in order to set a price for each one
  • We identified a missing gap in the value chain that was the capacity to access the market for smallholder farmers after they have successfully cultivated their commodities. Access to the market was a huge problem for millions of smallholder farmers.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      AgroCenta is fulfilling a market gap that is the need for smallholder farmers to access the market.
  • AgroCenta focuses as well as Seedstars on achieving the Sustainable Goals set up by the UN
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      one of the main goals is to reach economic growth by empowering smallholders farmers to see agriculture not only as a survival solution but as an investment
  • Gender Equality: in Sub-Saharan Africa, traditions and land ownerships do not favor women, which ends up in many women being excluded from the agriculture value chain. By engaging the relevant stakeholders, AgroCenta rents arable agricultural lands to female smallholder farmers for free. Women are also given seeds, fertilizers, mechanized tractor services and extensive advisory information on farming best practices such as what type of seed to plant, when to plant, how to plant, etc.Decent Work & Economic Growth: we empower smallholder farmers to see agriculture as more than just a way to survive and position it as a viable industry that can be sustainable for their family.
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      Agrocenta main goals are the following: first and the most evident one no poverty especially for farmers who are not paid enough. second, gender equality and finally economic agricultural development within the country.
  • A great team for sure! Our major strength has been a team made of people with diverse backgrounds and experiences and a deep understanding of the agricultural value chain. This asset allowed us to save a lot of time we would have naturally spent on trying to fine tune and launch the AgroCenta platform. Thanks to that we avoided making the common mistakes many new and unexperienced founders make.
    • ghtazi
      ghtazi on 13 Feb 21
       
      what we can understand is that having a great team is the key asset that led to the rapid growth of Agrocenta. cross-cultural team has been a plus for the development of agrocenta. it helped the company to save time and avoid making common mistakes that many new and inexperienced founders make.
  • Many investors are quite held back when it comes to making investments in Africa for an obvious reason: corruption.
kenza_abdelhaq

Challenges and opportunities of ethioPay ATM service - 2 views

etd.aau.edu.et/...12583

Ethiopay Ethiopia Payments Service

shared by kenza_abdelhaq on 13 Feb 21 - No Cached
  • Irrespective of its importance to the customers and financial system, ethioPay interbank service is operating inefficiently. Since there are no studies conducted on this topic especially on ethioPay, this study has been conducted with an objective of identifying challenges and opportunities of ethioPay ATM from perspectives of interconnected banks and supervisors.
  • The study identified challenges such as inappropriate ATM location, low level of customer awareness, inefficient ATM management by the banks, frequent network failure, low level of interest and skills of the banks to use the service.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      Some of the challenges identified at the level of the EthioPay interbank service that is operating inefficiently.
  • mehdi-ezzaoui on 13 Feb 21
     
    this article is well written it talks about the challenges that Ethio pay face and the opportunities to grow
samielbaqqali

MTN apologises to its customers over new data bundles challenges [ARTICLE] - Pulse Ghana - 3 views

www.pulse.com.gh/...17xnm41

MTN Customers Wallets

shared by samielbaqqali on 12 Feb 21 - No Cached
  • Most Ghanaians who use MTN have said that hours after the country’s largest mobile network operator introduced new data packages they were unable to purchase data bundles.
  • MTN Ghana has apologized to its customers who are facing challenges as they try to purchase data bundles.
  • MTN has experienced some challenges on some of our channels post-implementation of the adjustment of prices and our new data bundles.”
  • ...2 more annotations...
  • MTN Ghana injects $160 million in improving network technology after coming under fire for poor services Most Ghanaians who use MTN have said that hours after the country’s largest mobile network operator introduced new data packages they were unable to purchase data bundles.
  • Some customers of the company complained on social media about the difficulties they are facing in purchasing data packages using their mobile money wallets.
    • samielbaqqali
      samielbaqqali on 13 Feb 21
       
      MTN needs to be aware of issues of this nature. They have to ensure that everything functions well when launching a new package, because when you are the leading company, customers demand the best possible service.
  • hichamachir on 12 Feb 21
     
    MTN needs to be aware of this kind of problems. They've to make sure when launching a new package, everything is working perfectly because when you're the leader company, customers expect the best service possible.
  • hindelquarrouti on 13 Feb 21
     
    MTN made a good move by maintaining its contact with its customers, because after all the challenges and problems in its platform, there is a high risk that it will loose its customers' trust.
  • mohammed_ab on 13 Feb 21
     
    MTN is the number one telecommunication company in Africa by offering the best service to its customers. Facing such issues could impact customer loyalty and the brand image of the company.
kenza_abdelhaq

Finalists Named for the 2020 TAG Fintech South Innovation Challenge - TAG Online - 0 views

www.tagonline.org/...ech-south-innovation-challenge

Ethiopay Ethiopia Payments recognition

shared by kenza_abdelhaq on 13 Feb 21 - No Cached
  • Applications were submitted by companies across the region. The 10 finalists include: Artis Technologies, LLC – modern financing made simple through an embedded financial services platform for digital lending and real-time payments EnrichHER – offers funders the best selection of vetted investment opportunities in companies that have women in leadership roles, while cultivating a thriving ecosystem of New Majority businesses Ethiopay – safe and convenient way to pay loved ones’ bills from anywhere in the world Finosec – IT and cybersecurity management platform for the banking industry Griffin Technologies – customer intelligence platform that provides banks modern day context on new and existing customers Immediate – helps businesses recruit, engage, and retain employees by providing a financial wellness solution that delivers on-demand access to earned pay InvestGuard – technology-enabled exchange for independent PE sponsors Lendsmart AI – AI-enabled technology platform transforming the homebuying process Ryze – Bitcoin-first financial institution, starting with the most powerful way to save and accumulate Bitcoin VIVA Finance – improving employees’ financial well-being through an affordable lending program and financial education
  • At the conclusion of the program, the startups will present to a panel of investors during Fintech South’s Investor Preview event on Monday, Oct. 5. The top three companies will hit the virtual conference’s main stage for a chance to win $25,000.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This article is important because it shows that Ethiopay uses competitions in order to 1- Get financing, 2- Earn regional and international recognition for winning a prestigious competition, 3- Use this competition as a marketing opportunity.
  • ...2 more annotations...
  • Ethiopay – safe and convenient way to pay loved ones’ bills from anywhere in the world
    • ghtazi
      ghtazi on 13 Feb 21
       
      ethiopay is in the top three companies that will hit the virtual conference's main stage for a chance to win 25 000 dollars. which shows us how Ethiopay is invested in what it's doing.
  • Technology Association of Georgia (TAG)  announces 10 startups selected for the Fintech South Innovation Challenge 2020 class. Beginning Sept. 3, the companies will participate in a four-week virtual Education and Mentoring program, which aims to accelerate early stage fintech companies in the region through instruction and mentoring
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      Ethiopay is selected as a finalist for the 2020 Fintech South Innovation Challenge.
kenza_abdelhaq

Ethiopia: ET Switch Completed Transactions worth 1.2 Billion Birr - 0 views

www.2merkato.com/...sactions-worth-12-billion-birr

Ethiopay Ethiopia Payments challenges

shared by kenza_abdelhaq on 13 Feb 21 - No Cached
  • The company also noted its performance is challenged by high transaction decline rate of 40 percent per month due to connection failure and system failure in its member banks.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      Many challenges related to connection and system failures have a huge impact on performance and credibility.
  • kenza_abdelhaq on 13 Feb 21
     
    "he company also noted its performance is challenged by high transaction decline rate of 40 percent per month due to connection failure and system failure in its member banks."
nouhaila_zaki

CEO Interview: Egypt's first unicorn Fawry aims to lead in financial inclusion | ZAWYA ... - 0 views

www.zawya.com/..._inclusion-ZAWYA20201101035106

Fawry Egypt Pandemic Customer Segment

shared by nouhaila_zaki on 13 Feb 21 - No Cached
  • Aversion to electronic financial service remains one of the challenges facing fintech in Egypt, an attitude that COVID-19 has helped mitigate, according to Sabry. Mobile wallet transactions, one of Fawry’s main services, witnessed “phenomenal growth” as soon as a partial lockdown was imposed. The company’s mobile app reached a record high of more than a million downloads between March and June.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it discusses how the pandemic has helped Fawry with its growth by suppressing the challenges it usually faced.
  • More than two-thirds of Egypt’s adult population do not have a bank account, and even those who do rarely have full access to financial services. At the other extreme, mobile phone penetration in the country is estimated at over 95 percent, and the number of mobile internet users has reached more than 42 million. For Ashraf Sabry, CEO of e-payment unicorn Fawry, this is a huge business opportunity.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it explains the circumstances that contributed to Fawry's success, being the large unbanked population in Egypt coupled with the fast mobile phone penetration in the country.
  • nouhaila_zaki on 13 Feb 21
     
    "Aversion to electronic financial service remains one of the challenges facing fintech in Egypt, an attitude that COVID-19 has helped mitigate, according to Sabry. Mobile wallet transactions, one of Fawry's main services, witnessed "phenomenal growth" as soon as a partial lockdown was imposed. The company's mobile app reached a record high of more than a million downloads between March and June."
ghtazi

People on the Move: Islamic Finance for Pastoralists in the Horn of Africa - 0 views

www.findevgateway.org/...nance-pastoralists-horn-africa

Mobile Money Payments

shared by ghtazi on 13 Feb 21 - No Cached
  • Belcash’s CEO will describe the partnership and challenges he has faced in rolling out an agent network targeting pastoralist clients at the 2015 SEEP Opening Plenary: Private Sector Partnerships: Creating Sustained Impact
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      The challenge is explained by the lack of trust that the customers have toward digitalization. However, I think nowadays partnership is not a challenge as it was.
  • BelCash Technology Solutions PLC - a Mercy Corps partner and Ethiopia’s first mobile and agent banking technology platform to launch agent-based mobile money services in Ethiopia’s Somali region.
    • ghtazi
      ghtazi on 13 Feb 21
       
      we can see in this part that belcash is Ethiopia's first mobile and agent banking technology platform. In this article, we can also see how The CEO of belcash describes the partnership and challenges he has faced during the launching of belcash.
hindelquarrouti

NCA Sanctions MTN » National Communications Authority - 1 views

www.nca.org.gh/...nca-sanctions-mtn

MTN Regulation Africa Fintech

shared by hindelquarrouti on 12 Feb 21 - No Cached
  • The National Communications Authority (NCA) has sanctioned Mobile Network Operator (MNO), MTN Ghana for failing to comply with directives which were sent to them following some challenges with their network recently. In the directive, the Authority directed MTN to submit a report on the challenges within 24 hours of receipt of the directive among other directives. 
  • The National Communications Authority (NCA) has sanctioned Mobile Network Operator (MNO), MTN Ghana for failing to comply with directives which were sent to them following some challenges with their network recently.
  • hichamachir on 12 Feb 21
     
    This sanction shows that MTN needs to be careful with regulations. Any bad move can hurt the image of the company which can lead to some bad consequences like losing some important market share.
  • hindelquarrouti on 13 Feb 21
     
    For a company of its calibre, MTN should be very careful in this kind of situations since such "scandals" are not expected from a well-established company.
omarlahmidi

St. Mary's University Institutional Repository: ASSESSMENT OF THE OPPORTUNITIES AND CHA... - 0 views

repository.smuc.edu.et/...3790

shared by omarlahmidi on 13 Feb 21 - No Cached
  • The purpose of this study is to assess the challenges and opportunities of mobile banking in Dashen bank of Ethiopia with specific objective of assessing the current practices on both customers and the bank side, benefits and challenges realized by the bank and customers, the driving forces and opportunities in the bank for the adoption of mobile-banking .
    • omarlahmidi
      omarlahmidi on 13 Feb 21
       
      As every company, Belcash faces competition.
mohammed_ab

Creating a Strategy for the New FinTech Ecosystem - Belatrix Software - 0 views

www.belatrixsf.com/...creating-strategy-fintech

Fintech Strategy M-Pesa Alliances

shared by mohammed_ab on 13 Feb 21 - No Cached
  • 1. Millennials squared – a parable of a digital wallet and beer moneyEarlier this year Sam Crowder stood up at a televised baseball game, and held a sign asking his Mum to send him “beer money”. He included his Venmo account information. Thousands of people sent him money, as his sign went viral. Beyond sharing this story as advice in case you ́re ever thirsty and leave your wallet at home, what it reflects is how the use of new technologies may start with digital natives, but then rapidly spread to other generations. It reflects the inter-generational adoption of, and use of, FinTech technologies.So, when looking at the potential of new services, it is important not just to consider the young people who will adopt it. But what will happen when they introduce the technology to their friends and family. Millennials are the earthquake that shakes companies, and adopt new tech and services at lightning speed. The rest of us are the tsunami of adoption that follows and lead to exponential growth.
  • 2. Facebook, Amazon, Google or Ant Financial will become the largest retail bank in the worldIt’s 2020 and to apply for a loan, instead of going to your local bank branch, you quickly ask Facebook for approval. This is far from fanciful thinking. Even as of today, PayPal is arguably one of the largest retail banks — it has more money in deposits than all but the largest 20 US banks, and offers services from payments, to loans and credit cards (albeit currently via partners). But we believe that one of the major tech companies, whether that is Facebook, Amazon, Google, or Ant Financial (the financial arm of Alibaba) will not only transform retail banking, but rapidly become the largest retail bank in the world.“Some bankers and analyststhink that Google, Facebook, Amazon or the like will not fully enter a highly regulated, low-margin business such as banking. I disagree. What is more, I think banks that are not prepared for such new competitors face certain death”Francisco González, CEO, BBVA
  • hese major tech companies have the platform and the scale to upend retail banking. They already have a digital wallet which underlies the services that enable users to buy and sell on their platforms, such as Google Wallet and Amazon Payments. Facebook Messenger Pay is already available in the US while it recently received an e-money license from the Central Bank of Ireland. This means European users will be able to store and transfer money, and make online purchases. The transition to becoming the largest retail bank in the world will be swift and brutal for traditional banks.
  • ...7 more annotations...
  • 3. Regulators finally make the pivot to supporting the FinTech ecosystemBitX, a bitcoin startup in Singapore, was looking to enter the UK and European markets. Instead of having an arduous journey gaining the required licenses and approvals as it would have expected in the past, BitX was accepted into the regulatory sandbox of the UK’s Financial Conduct Authority. This enabled it to test its services and build its product with the backing of the regulator. This kind of thinking reflects how in the past few years we have seen regulators move from hindering innovation and new services, to proactively supporting and strengthening the FinTech ecosystem.It is a challenging line to take, particularly in the
  • world of finance – to help create the framework and environment for innovation, while also protecting consumers and businesses. However, increasingly we see regulators getting this blend right.For example, the European Union’s Directive on Payment Services (PSD2) will create an EU-wide single market for payments. This will drive new opportunities and innovation in the payment sector, because it will force financial institutions to provide secure access for a third-party service provider to a customer’s online account. Meanwhile, we have seen regulatory sandboxes emerge not just in the UK, but in locations from Singapore to Australia. The US Treasury meanwhile recently announced it will start issuing special purpose national bank charters to FinTech companies.In the future, expect to see the emergence of “RegTech”. This will enable real-time interaction and analysis between regulators and financial institutions. Indeed, thi
  • ch as in New York, London or Singapore. So, although the UK dominates the world of fintech (generating an estimated £6.6billion in FinTech related revenue), leading organizations are looking for inspiration among the innovative services, products and ideas being created from Guadalajara, to Laos, to Kenya.In many cases we can see that the unique financial environment of these locations is resulting in novel ideas. For example, Guadalajara based start-up Kueski uses a person’s digital footprint to assess their credit worthiness – a particular challenge in Mexico where credit is not available to large swathes of the population. In Latin America Tigo Cash is a mobile financial service which already handles more cash than many financial institutions in the region. We will see markets and services emerging which are currently not on anyone’s map, and become some of the most important financial organizations in the world.
    • samiatazi
      samiatazi on 13 Feb 21
       
      this article points out 4 expectations for the fate of FinTech and Financial services. However, I think that the most interesting one is the last one which states that The effect of FinTech advancement is frequently made and experienced outside the usual Hub of Finance, for example, New York, London or Singapore. Giant Companies are searching for inspiration among innovative and creative products, items and thoughts being made from Guadalajara, to Laos, to Kenya. I really like this part too, stating that We will see markets and administrations arising which are as of now not on anybody's guide, and become the absolute most significant Fintechs on the planet.
  • software platform between itself and the banks, so it can view and analyze information in real-time.4. Look beyond the hubs to find innovative ideasAcross Kenya, mobile money has become ubiquitous – being used by at least one person in 96% of Kenyan households. But what is the real impact of mobile money in such countries? One study estimated that M-PESA, the Kenyan mobile money system which enables money to be stored on a phone and be sent via text, has helped lift 2% of Kenyan households out of poverty.What this example demonstrates is that the impact of FinTech innovation is often created and experienced outside of the usual hubs of finance su
  • In the past few years we have seen the rapid evolution of FinTech from generating novel ideas which solve customer problems, to offering core financial services. We have seen the shift from digital startups, characterized by a lack of financial wherewithal and which operated on the edge of tightly regulated markets, to the emergence of mature financial digital organizations at the heart of the traditional financial world.We can describe the development and maturing of FinTech in 3 main waves:The early emergence of digital startups helping consumers. Originally FinTech solutions were the preserve of B2C markets which solved specific customer problems such as offering home loans faster and easier. They used new technologies such as mobile and cloud computing, and were characterized by a laser focus on the customer with all the hall-marks of a digital Silicon-Valley style start-up.Transition to B2B markets. Today FinTech plays a role at the core of B2B innovation in financial markets, and industry observers widely expect B2B FinTech revenues to dwarf those in consumer markets within the next couple of years. Organizations such as Currency Cloud (cross border B2B payments), Payoneer Escrow (escrow services), and Hummingbill (B2B invoice platform) all reflect a maturing industry.The creation of an ecosystem between FinTech and traditional players. FinTech organizations are realizing that the required go-to-market investment, economies of scale, and regulatory needs, means it makes sense to partner with traditional financial institutions. On the other side, established players recognize the value, innovation and potential of FinTech in a world which is increasingly mobile-first. These financial institutions are also adopting many of the methods that FinTechs use so successfully, from a focus on the customer, to using Agile software development, to holding hackathons, and forming accelerators and innovation programs.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      This excerpt is important because it shows the three waves that each fintech companies go through. Currently, most companies are still in b2b markets which an new innovative role in the financial markets; howver, not all companies are doing the same thing. Some of them still need a real bank ( Not virtual) to make transactions and don't trust softwares.
  • ch as in New York, London or Singapore. So, although the UK dominates the world of fintech (generating an estimated £6.6billion in FinTech related revenue), leading organizations are looking for inspiration among the innovative services, products and ideas being created from Guadalajara, to Laos, to Kenya.In many cases we can see that the unique financial environment of these locations is resulting in novel ideas. For example, Guadalajara based start-up Kueski uses a person’s digital footprint to assess their credit worthiness – a particular challenge in Mexico where credit is not available to large swathes of the population. In Latin America Tigo Cash is a mobile financial service which already handles more cash than many financial institutions in the region. We will see markets and services emerging which are currently not on anyone’s map, and become some of the most important financial organizations in the world.
    • ghtazi
      ghtazi on 13 Feb 21
       
      What this example shows is that beyond the usual finance hubs, such as in New York, London, or Singapore, the influence of FinTech innovation is also generated and experienced.
  • It’s 2020 and to apply for a loan, instead of going to your local bank branch, you quickly ask Facebook for approval. This is far from fanciful thinking. Even as of today, PayPal is arguably one of the largest retail banks — it has more money in deposits than all but the largest 20 US banks, and offers services from payments, to loans and credit cards (albeit currently via partners). But we believe that one of the major tech companies, whether that is Facebook, Amazon, Google, or Ant Financial (the financial arm of Alibaba) will not only transform retail banking, but rapidly become the largest retail bank in the world.
  • mohammed_ab on 13 Feb 21
     
    This article explains how the big e-commerce giant Amazon and the dominant social media platforms will become the largest retail banks in the future. I think that M-Pesa could benefit from strategic alliances or partnerships with these big giants.
hichamachir

Contributions and challenges in the struggle to end poverty: the case of Kiva: Informat... - 0 views

www.tandfonline.com/...02681102.2016.1233856

Kiva Challenges MicroFinance Kenya

shared by hichamachir on 12 Feb 21 - No Cached
  • We briefly examine some literature that challenges the received view on the overall value of microfinance and consider some implications for Kiva and conclude by noting that in the current market, Kiva will need to draw on its corporate history of innovation if it hopes to maintain its position of leadership in the face of new organizations like Acumen Fund and One Acre Fund that take different routes to the same goal of reducing poverty.
  • hichamachir on 12 Feb 21
     
    Kiva needs to be careful with competition. I believe that Kiva can play it smart if they target a segment that helps to gain customers trust like social projects that help poor people.
mohammed_ab

Matchi.biz - EasyEquities talks fintech challenge events - 0 views

matchi.biz/...-fintech-challenge-events.html

EasyEquities Investech Investment platform Trading South Africa

shared by mohammed_ab on 13 Feb 21 - No Cached
  • Our goal is to democratise all things investment. We’re approaching our break-even point as a business and we’ve achieved some significant milestones. The first is that we’ve built a valuable brand that is highly trusted and is engaging a new audience in investing – one that is demographically representative of the South African opportunity. Everyone is included, from a 12-year-ols running their own stock portfolios to a 94-year-old previously disadvantaged South African who felt they would never participate in owning shares in this country. It’s been an incredibly rewarding journey.
  • mohammed_ab on 13 Feb 21
     
    I really like the fact that EasyEquities is facilitating and allowing the access to financial markets to different age groups going as low as 12 years old. I once tried online trading, and I can understand the difficulties that people face to find reliable platforms in which you can trade foreign financial instruments.
nouhaila_zaki

Post | Feed | LinkedIn - 0 views

www.linkedin.com/...i:activity:6706655727336910848

Ethiopay Ethiopia Recognition

shared by nouhaila_zaki on 13 Feb 21 - No Cached
  • Congrats to the #FintechSouth #Innovation Challenge Finalists!Artis Technologies, EnrichHER, EthioPay, Finosec, Griffin, Immediate, InvestGuard, Lendsmart, Ryze and VIVA Finance will compete on 10/5 for chance to present on the conference’s main stage & win $25k AND a year of free ATDC membership ;)
  • nouhaila_zaki on 13 Feb 21
     
    "Congrats to the #FintechSouth #Innovation Challenge Finalists! Artis Technologies, EnrichHER, EthioPay, Finosec, Griffin, Immediate, InvestGuard, Lendsmart, Ryze and VIVA Finance will compete on 10/5 for chance to present on the conference's main stage & win $25k AND a year of free ATDC membership ;)"
mehdi-ezzaoui

Matchi.biz - EasyEquities talks fintech challenge events - 1 views

matchi.biz/...talks-fintech-challenge-events

Easyequities Africa Fintech Service

shared by mehdi-ezzaoui on 13 Feb 21 - No Cached
  • The future is really exciting for us and links into why we participate in these fintech festivals. We think what we’ve proven in South Africa is scalable to other markets, especially those with similar setup to South Africa five years ago. Our focus is largely on emerging markets and seeking to partner our capability into a market opportunity, where the partner brings local knowledge and regulatory understanding and we bring platform capability. There needs to be a level of maturity and fintech support that enables our business model. There must be a very strong payments layer and smartphone penetration rates must be good. If those are in place and there’s a low propensity for retail stock investors to be investing in the local stock market, we start to be interested.
  • mehdi-ezzaoui on 13 Feb 21
     
    Fintech challenge events for easy equities
mehdi-ezzaoui

Pula Wins Women's World Banking FinTech Innovation Challenge's "Making Finance Work for... - 1 views

flourishventures.com/...ance-work-for-women-2019-award

PULA Fintech award

shared by mehdi-ezzaoui on 13 Feb 21 - No Cached
  • FinTech Innovation Challenge “Making Finance Work for Women 2019” Award! Pula is an agriculture insurance provider for smallholder farmers in African emerging markets lead by CEO and cofounder Rose Goslinga. They are radically restructuring agricultural insurance, using technology to insure the previously unbanked, uninsured, untapped market of 1.5 billion smallholders worldwide.
  • mehdi-ezzaoui on 13 Feb 21
     
    Pula win the Women's World Banking FinTech Innovation Challenge "Making Finance Work for Women 2019" Award
mehdi-ezzaoui

This startup has a simple plan to de-risk small-scale African farming | The Optimist Da... - 1 views

www.optimistdaily.com/...sk-small-scale-african-farming

PULA Fintech Service

shared by mehdi-ezzaoui on 13 Feb 21 - No Cached
  • African agriculture, especially small farms, have not had it easy over the past few years. Droughts, pests, floods, and local conflict have exacerbated challenges for many food producers. This is why insurtech startup Pula is working to provide small farmers with insurance to help manage the implications of climate change and other environmental uncertainties. The startup begins the farming season by sending representatives to farms to gauge the potential yield of the season. Pula then sends this estimate to insurance companies to generate a policy offer. According to Pula, the initiative has been so successful because in every African country they have worked in, there are insurance companies willing to support their initiative.
  • mehdi-ezzaoui on 13 Feb 21
     
    "African agriculture, especially small farms, have not had it easy over the past few years. Droughts, pests, floods, and local conflict have exacerbated challenges for many food producers. This is why insurtech startup Pula is working to provide small farmers with insurance to help manage the implications of climate change and other environmental uncertainties.  The startup begins the farming season by sending representatives to farms to gauge the potential yield of the season. Pula then sends this estimate to insurance companies to generate a policy offer. According to Pula, the initiative has been so successful because in every African country they have worked in, there are insurance companies willing to support their initiative."
  • mehdi-ezzaoui on 13 Feb 21
     
    Insurtech is one of the fastest growing fintech sectors. Pula recently raised $6 million in a Series A fundraising and plans to expand its innovative business model to Asia soon.
mbellakbail69

FinTech for All: Moneyfellows founder on helping friends and family to save or borrow i... - 0 views

medium.com/...r-borrow-in-egypt-228e5a98c356

shared by mbellakbail69 on 13 Feb 21 - No Cached
  • Unique challenges are mainly regulations for Fintech companies usually being a grey area, without enough clarity on what exactly they might fall under.With lack of enough funds and diversity, fundraising is also another challenge for most of the startups in the MENA region.
    • ayachehbouni
      ayachehbouni on 13 Feb 21
       
      Fundraising is a priority for start-ups and companies in the MENA region as it is thanks to it that the companies can grow and work at full potential
  • Tackling these challenges, the EFSE Fund and the SANAD Fund for MSME, advised by Finance in Motion, have partnered with Village Capital and the LHoFT to develop the Fincluders Bootcamp 2017, unique investment readiness program designed for entrepreneurs offering inclusive financial products.
  • ‘Financial Inclusion’ might be the most noble sector of financial technology, solving problems the traditional finance industry won’t — servicing underbanked demographics in areas with poor financial infrastructure.
  • ...1 more annotation...
  • In my opinion, Financial inclusion isn’t just about opening a bank for those that are unbanked, but rather being able to offer them actual financial services like lending, savings and improving their credit scoring (which is the building block for all financial services), helping them improve their actual living standards, eventually.
ghtazi

Top 5 Banking And Fintech Trends For 2021 - 0 views

www.forbes.com/...ng-and-fintech-trends-for-2021

fintech Strategies Payroll

shared by ghtazi on 17 Feb 21 - No Cached
  • WhiteSight defines four categories in the payroll fintech space: 1) Salary On-demand. Fintechs in this category partner with corporations, HR software providers, and payroll systems to enable flexible access to earned wages. 2) Salary Advance. Fintechs in this category provide short-term credit to employees based on their salary and avoid the exorbitant rates charged by payday lenders. 3) Early Direct Deposit. This feature, largely provided by challenger banks, enables account holders to receive paychecks up to two days in advance from standard payday. 4) Crypto Payroll. This is the newest category which enables firms to make wage payments through multiple crypto-currencies.
    • sawsanenn
      sawsanenn on 17 Feb 21
       
      This excerpt is important because it shows the new trends that might be developed in 2021 by fintechs companies.In my opinion, payroll fintech is really a battle to move up the deposits and payments value chain; However, Allowing firms to make wage payments with crypto-currencies might a good idea for the future since their values increase constantly.
  • 1) Salary On-demand. Fintechs in this category partner with corporations, HR software providers, and payroll systems to enable flexible access to earned wages. 2) Salary Advance. Fintechs in this category provide short-term credit to employees based on their salary and avoid the exorbitant rates charged by payday lenders. 3) Early Direct Deposit. This feature, largely provided by challenger banks, enables account holders to receive paychecks up to two days in advance from standard payday. 4) Crypto Payroll. This is the newest category which enables firms to make wage payments through multiple crypto-currencies.
    • ghtazi
      ghtazi on 27 Feb 21
       
      could be some great options for Invest Mobile
nouhaila_zaki

History of Fawry - 1 views

fawry.com/history

Fawry History Egypt E-payments

shared by nouhaila_zaki on 09 Feb 21 - No Cached
  • vision of introducing electronic bill payment in Egypt, to beat the pressing need for convenience and easy payments in a country where traffic congestion and complex procedures are daily challenges that face consumers.
    • nouhaila_zaki
      nouhaila_zaki on 09 Feb 21
       
      This excerpt is relevant because it introduces the pressing need that Fawry is intended to address. Bill payments seem to lead to traffic congestion and complex procedures that push Egyptian people to seek Fawry services.
  • nouhaila_zaki on 09 Feb 21
     
    "vision of introducing electronic bill payment in Egypt, to beat the pressing need for convenience and easy payments in a country where traffic congestion and complex procedures are daily challenges that face consumers."
1 - 20 of 82 Next › Last »
Showing 20▼ items per page